Business disruption is a hot commodity for some time now and is the new way of life. What causes disruption?
Disruption can be caused by change in hardware / software technologies, driven by design and / or business models. The major cause of digital disruption is the rapid advancement of technology and globalization, which allows new business models to be introduced at an ever-increasing rate and with rapidly declining costs. In order to stay relevant, Organizations are forced to transform their technologies, systems, the way they work inside.
This has a cascading impact on the lives of the workforce as the technical skillsets, competencies that one has developed over the years would no longer stand good in the new world. The quantum of disruption increases based on how current you are with the developing technology trends and practices. How do we manage this disruption and continue to excel?
Joshua S. Gans in his article “Keep calm & manage disruption” lists three possible strategies to manage business disruption. Two of those I felt could be in principle applied to successfully not just manage the disruption but grow through it. Let’s try and discuss both.
The major disadvantage of being reactive I believe is that one loses out on being able to take advantage of the disruption and would be limited to prove himself to be relevant.
The last resort if you don’t want to beat or join the disruption is to look for alternate career options outside the organization. This may be due to the fear of change or the fixed mind set.
I for one personally believe in being progressive and beat the disruption as over the years in military I have learnt that the “more you sweat in peace the less you bleed in war”. The more you work on keeping your skills up to date the less you need to worry about what & how disruption would impact you which helps you to look at taking advantage of it and excel.
Are you facing disruption? How are you handling it? Would love to hear your thoughts.
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